Ripple adds $25 million donation to political committee’s war chest

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Ripple adds $25 million donation to political committee’s war chest
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Ripple (XRP) CEO Brad Garlingson revealed on Wednesday that the company donated another $25 million to the Fairshake Super PAC to support more pro-crypto candidates as the US elections draw closer.

Ripple has added its second donation of $25 million to the crypto Super PAC. Ripple 's donation makes it the highest contributor to the crypto Super PAC. XRP is currently down 0.38%. Ripple CEO Brad Garlingson revealed on Wednesday that the company donated another $25 million to the Fairshake Super PAC to support more pro-crypto candidates as the US elections draw closer.

55 Other top crypto companies and firms like Coinbase, Andreessen Horowitz and Gemini have also contributed to the crypto PAC's political war chest in hopes of bringing in a pro-crypto government that can help spur regulatory clarity and growth in the crypto industry. Several stakeholders in the crypto industry have alleged that they have been subject to unfair attacks from the US Securities & Exchange Commission due to regulatory uncertainties.

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